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Author Topic: [ANN] KZ CASH - First regional cryptocurrency in Kazakhstan  (Read 46382 times)
Mr.nors
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October 24, 2017, 02:07:06 PM
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About KZ Cash

KZCash is the first regional cryptocurrency in Kazakhstan. Use of the proved and trusted X11 hashing algorithm with 11 types of encryption provide the highest level of security, and Masternode using provides a combination of high speed transaction processing and low transaction cost.

Main directions for KZCash development:

  • Launching and promoting crypto-ATM’s “2in1” in Kazakhstan. The crypto-ATM’s will work both for buying cryptocurrencies (Bitcoin, Ethereum, Litecoin, KZCash) and selling cryptocurrencies for national currency tenge, foreign currencies (US Dollar, Euro, Yuan).
  • The most promising direction is implementation of payment processing systems (merchant facilities) for small and medium business on KZ Cash blockchain.

Kazakhstan’s Government is generally very positive-minded on blockchain technology and cryptocurrencies. General regulation legislation for crypto-markets to be adopted by early 2018. The fact that in geographic respect Kazakhstan is situated in the very centre of Eurasia and makes a part of “the Great Silk Road” is crucial for future success of KZ Cash as regional cryptocurrency.

KZ Cash is the first cryptocurrency launched by Kazakhstan citizen.


KZCASH SECURITY

Consesus in KZCash is securely reached with a principle ‘Proof of Work’, based on a chained hashing algorithm X11. X11 is uses 11 different algorithms, consistently participating in calculations. These are: blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, and echo.


KZCASH ADVANTAGES

Main disadvatage of cryptocurrencies is time of confirmation of transactions, that is time needed for a person to send money to another person finally and irrevocably. KZCash doesn’t have such a problem. But it has InstantSend function. If You need to send Your money instant – just mention it in Your payment. Then miners will redirect Your transaction to Masternodes, those will check it and reserve the amount needed. All the process will take less than seconds. It is even faster than plastic card payment processing. After that, Masternodes send the confirmed transactions back to miners, and it is being recorded in the blockchain forever. So we have such a safe and fast division of labour between miners and Masternodes.

The Private Send technology makes Your money anonymous. Without any questions. Without third parties. Your KZCash wallet sends automatically to Masternodes requests to mix funds at regular intervals. Those, in their turn, find similar by size anonimization requests from other wallets.

Then it works simple: amount of money on each user’s account is being devided on equal parts – 100, 10, 1 or 0.1 KZCash - and its places are being changed. It is similar like if You change in a bank an one hundred dollar note to another.

If You want to increase Your anonymity even more, You can adjust up to eight cicles of mixing. And each one will take places with random people and new MASTERNODES – so it will be impossible to declassify You. All the KZCash network is protected and extremely safe. The most incorruptible thing in the world is responsible for that – the Mathematics, specifically the X11 hashing algotithm. More details You can find in Security section.


DECENTRALIZED AUTONOMOUS ORGANIZATION (DAO)

Cryptocurrencies are decentralized. From one hand, that is wonderful: nobody puts conditions, controls Your money or making profit on it. But how can the problem of network development and further improvement be solved then? Who will pay for it?

KZ Cash economy is organized so that 10% of block reward (new coins) is reserved by the system and is intended for the Organization (network) development. In average once a month there is voting on how to spend this money. Everyone can give an idea.

Thus, the system is providing money for development. KZ Cash is a self-sufficient decentralized network that is developing and is not depending on anyone.

How to participate in DAO (Guide) - https://drive.google.com/open?id=1oK_H_JUc2bGMHX8DHxtb9mnUE9vijkBn


DEVELOPMENT KZCASH

KZCash – is a team of professionals that aims to promote advanced developments of blockchain technology in the national (Kazakhstan) and regional (Asia) scale.
KZCash uses proved algorithms and technology, but also researches, develops and implements forward-looking innovations.

One of our priorities is  merchant crypto platform (March 2018) – a full range of services and decisions of vertical integration of KZ Cash and other cryptocurrencies (Bitcoin and Litecoin) for online and offline buyers and sellers in electronic commerce.

The organization has an ambitious goal to inspire buyers and sellers to use cryptocurrency in electronic commerce. The system of merchant platform is developed on bases of the newest experience of successful modern systems and own developments. The Organization plans to implement own system (October 2018) of cryptocurrency chargeback, available as a separate option.


GENERAL PLAN

TOTAL POSSIBLE AMOUNT IN KZCASH BLOCKCHAIN 18 000 000 COINS

The KZCash Organization will manage its basic capital according to its purpose. Initial coins held by Organization (1800 000 KZC) will be distributed as follows:

  • 600 000 coins will be burnt by parts in order to keep the balance of price and total amount of coins in circulation for the first 2 years.
  • 600 000 coins will be held by Organization as a strategic reserve
  • 600 000 coins (est. 1 800 000 USD) will be used as initial capital for four years budget (Table 1).

(Table 1)

The Organization plans to have the following revenues:

  • 10% - Organization’s share in mining for development
  • income from crypto-ATMs
  • processing service fee (commission for merchants) for small and medium businesses

Organization’s revenues will be distributed as follows:

  • annual Organization budget financing within the limit (starting with the second year)
  • taxes and fees (starting with the third year).
  • research and development – 15% of all revenues.
  • excess revenues will be used for coins in circulation buyout and burning, as well as for funding Organization’s reserve.


There is no ICO.


REWARD STRUCTURE

Every time a block is mined, 45% of the reward goes to the miner, 45% goes to a masternode, and the remaining 10% is not created until the end of the month.

During the month, anybody can make a budget proposal to the network. If that proposal is approved by at least 10% of the masternode network, then at the end of the month a series of "superblocks" will be created.

At that time, the block rewards that were not paid out (10% of each block) will be used to fund approved proposals.

The network thus funds itself by reserving 10% of the block reward for budget projects.


GENERAL INFORMATION




We launched a new support system
https://kzcash.freshdesk.com/en/support/home
WORK HOURS
Mon - Fri: 09 Am - 20 Pm
Sat: 09 Am - 16 Pm



More information in our official website - http://kzcash.kz/index.php?lang=en

New and more stable version of clients.
Please upgrade to KZCash Core 0.1.7.3 (From 23.11.17)
https://github.com/kzcashteam/kzcash/releases

HOW TO UPGRADE MASTERNODE to 0.1.7.3 version - https://drive.google.com/open?id=1eEPh-edtVWjMiI_yE0BW4DzUq436I4TuYKnB_AV4UIQ

KZCASH BLOCK EXPLORER - http://chain.kzcash.kz/
Rpc port - 8276
Source on Github - https://github.com/kzcashteam
Official  Twitter account - https://twitter.com/cash_kz
Online Wallet - Coming soon...
Mobile APP - Soon...

Our Pool is ready for mining!
https://kzpool.com/


Username: your kzcash wallet address
Password: anything
Algorithm: x11
diff 0.0001: stratum+tcp://kzpool.com:3333
diff 0.001: stratum+tcp://kzpool.com:3334
diff 0.01: stratum+tcp://kzpool.com:3335
diff 1: stratum+tcp://kzpool.com:3336
diff 10: stratum+tcp://kzpool.com:3337
diff 100: stratum+tcp://kzpool.com:3338
diff 200: stratum+tcp://kzpool.com:3339
diff 1200: stratum+tcp://kzpool.com:3340
diff 16000: stratum+tcp://kzpool.com:3341


Pool partners:
https://pool.coin-miners.info/
https://mpool.mooo.com/
http://crypto.mine.nu:8279/static/
http://pool.penza.me:8279/static/
http://82.117.166.77:8279/static/
http://mine.janche.ru:8279
https://aikapool.com/kzc/

Masternode Activation (You will need 1000 KZC).
You can download instruction and set up Masternode:
RU - https://drive.google.com/open?id=1_PMIpzLsH7KIVhfxFLM-JcBzFbOHy-C-RTcNVed-qbQ
EN - https://drive.google.com/open?id=1mtYNSx9sNztNPwfOIt12XTsGZjBrFdvpnFeGE454vcg

BUY and/or SPEND



More Exchanges ... SOON



JOIN US!

Need help? Want more details? Have ideas? We are an inclusive and growing community. Come on in!
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October 24, 2017, 02:13:33 PM
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SOURCE WALLET?
Mr.nors
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October 24, 2017, 02:17:33 PM
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SOURCE WALLET?
later will be published ... in a few days
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October 24, 2017, 02:24:45 PM
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Is there any program about bounty or airdrop?

TheKryptonian
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October 24, 2017, 03:05:24 PM
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How can anyone make a pool if you won't give source?  Right now the whale solo miners are getting all the coin  Sad

I would love to join once there is pool, but I think that requires source.  Can you release a linux daemon at least?

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October 24, 2017, 03:15:16 PM
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rpc port ?
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October 24, 2017, 03:16:51 PM
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not sync (status 100% but out of sync)

Mr.nors
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October 24, 2017, 03:17:24 PM
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How can anyone make a pool if you won't give source?  Right now the whale solo miners are getting all the coin  Sad

I would love to join once there is pool, but I think that requires source.  Can you release a linux daemon at least?
its ANN... waiting few day pls
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October 24, 2017, 03:22:43 PM
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json_rpc_call failed..

Mr.nors
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October 24, 2017, 03:28:38 PM
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json_rpc_call failed..
Well, how u set up, how much the correct software for mining has collected, and it will work
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October 24, 2017, 03:31:17 PM
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rpc port ?
Rpc port - 8276
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October 24, 2017, 03:33:31 PM
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Coin Supply (KZC)
1839472.5231316 So quick??? i thought this is a new coin or is your blockexplorer malfunctioning?

Kucoin        Kucoin Referal Link

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October 24, 2017, 03:34:27 PM
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Coin Supply (KZC)
1839472.5231316 So quick??? i thought this is a new coin or is your blockexplorer malfunctioning?
The KZCash Organization will manage its basic capital according to its purpose. Initial coins held by Organization (1 800 000 KZC) will be distributed as follows:

600 000 coins will be burnt by parts in order to keep the balance of price and total amount of coins in circulation for the first 2 years.
600 000 coins will be held by Organization as a strategic reserve
600 000 coins (est. 1 800 000 USD) will be used as initial capital for four years budget
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October 24, 2017, 04:01:24 PM
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JSON-RPC call failed: Method not found

How to mine with nvidia ?

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Alastord
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October 24, 2017, 04:05:23 PM
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Configuration for kzcash.conf ?

KZ_Cash_Support
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October 24, 2017, 04:17:11 PM
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Is there any program about bounty or airdrop?

No Bonuses. It is not a MLM)))
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October 24, 2017, 04:22:20 PM
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JSON-RPC call failed: Method not found

How to mine with nvidia ?

same, JSON-RPC call failed: Method not found

andy sample .conf file and the ccminer .bat file Huh

tried several times, and the same error, I think there is no solo mining for KZcash!
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October 24, 2017, 04:24:20 PM
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A very innovative project, but the wallet runs a problem.
Alastord
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October 24, 2017, 04:26:10 PM
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Minning in wallet "setgenerate" Are there any chances?

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October 24, 2017, 04:28:57 PM
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Why you didn't use x11Ghost. In that case your project would be GPU friendly

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